FDIC Certificate #: 17495 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust Company (#8878) Federal Reserve ID: 317735 Date Established: August 26, 1955 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 11476 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 26, 1955 Last Structure Change Effective Date: July 01, 2007 Last Structure Change Process Date: July 17, 2007 Last Data Update: July 17, 2007 Data Source Date: April 05, 2012
Location
Address: 201 South Commerce Street, Geneva, AL 36340 County: Geneva Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Dothan-Enterprise-Ozark, AL (#222) Core Based Statistical Area (CBSA): Dothan, AL (#20020) CBSA Metro Statistical Area: Dothan, AL (#20020)
Financial Summary
Total assets: $96.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
20Total employees (full-time equivalent)
$94,116Total assets
$3,190Cash and due from depository institutions
$0Interest-bearing balances
$31,936Securities
$6,145Federal funds sold & reverse repurchase agreements
$49,971Net loans & leases
$716Loan loss allowance
$0Trading account assets
$720Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,154All other assets
$94,116Total liabilities and capital
$79,356Total liabilities
$78,896Total deposits
$66,844Interest-bearing deposits
$78,896Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$460All other liabilities
$14,760Total equity capital
$14,760Total bank equity capital
$14,760Perpetual preferred stock
$0Common stock
$1Surplus
$1,299Undivided profits
Memoranda
$13,460Noncurrent loans and leases
$3,411Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$772Earning assets
$0Long-term assets (5+ years)
$1,154Average Assets, year-to-date
$88,052Average Assets, quarterly
$22,303Volatile liabilities
$89,824Insider loans
$92,784FHLB advances
$15,352Loans and leases held for sale
$30Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,411Total unused commitments
$0Restructured Loans and leases
$716Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$5,699Total interest income
$2,170Total interest expense
$3,529Net interest income
$402Provision for loan and lease losses
$428Total noninterest income
$0Fiduciary activities
$345Service charges on deposit accounts
$0Trading account gains & fees
$83Additional noninterest income
$1,853Total noninterest expense
$1,096Salaries and employee benefits
$223Premises and equipment expense
$534Additional noninterest expense
$1,702Pre-tax net operating income
$22Securities gains (losses)
$423Applicable income taxes
$1,301Income before extraordinary items
$0Extraordinary gains - net
$1,301Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$315Sale, conversion, retirement of capital stock, net
$400Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.81%Yield on earning assets
2.59%Cost of funding earning assets
4.21%Net interest margin
0.51%Noninterest income to earning assets
2.21%Noninterest expense to earning assets
1.43%Net operating income to assets
1.45%Return on assets (ROA)
1.92%Pretax return on assets
9.12%Return on equity (ROE)
6.32%Retained earnings to average equity (YTD only)
0.60%Net charge-offs to loans
127.62%Credit loss provision to net charge-offs
6.68%Efficiency ratio
46,828Assets per employee
4.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.75%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
92.75%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
1.52%Net loans and leases to deposits
63.34%Net loans and leases to core deposits
78.64%Equity capital to assets
15.68%Core capital (leverage) ratio
16.05%Tier 1 risk-based capital ratio
22.15%Total risk-based capital ratio
Memoranda
$23Average assets
$89,824Average earning assets
$14,267Average equity
$83,734Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The American Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: